The Bahamas extends in a 1,225 km arc from 78 km east of Palm Beach, Florida, to just north of Haiti.
The International Business Companies Act 2000 was introduced at the end of that year repealing the previous IBC legislation which allowed for companies to be quickly and easily incorporated for the purpose of transacting offshore business. This was following international pressure to abolish bearer shares and bring more transparency into company affairs so that from early 2001.
A minimum of one director is required and corporate directors are permitted. Details of director are on public records. A minimum of one shareholder is required. Details of shareholder are not on public records.